Denali news & news releases                                                                                      

  Contacts:

R. Kevin Andrews
Chief Financial Officer
713-627-0933

Ken Dennard / kdennard@easterly.com
Lisa Elliot / lisae@easterly.com

Easterly Investor Relations
713-529-6600

	January 26, 2000 DENALI ANNOUNCES RESIGNATION OF CHIEF EXECUTIVE OFFICER JANUARY 26, 2000 - HOUSTON, TEXAS - Denali Incorporated (NASDAQ:DNLI) today announced the resignation of Edward de Boer, President and Chief Executive Officer. Denali's Board of Directors named the Company's Chairman, Richard Volk, as President and Chief Executive Officer. The Denali Board stated, "We are very pleased that Mr. Volk has moved into the position of CEO. He brings with him a broad range of skills and experience to help in the execution of our restructure, turnaround and growth strategies." Mr. Volk has been Denali's Chairman since March 1999 and has approximately 27 years experience in senior management positions. For the past 9 years, Mr. Volk has had a consulting practice that specializes in the formulation and implementation of long-term strategies for a varied client base. Prior to forming his consulting practice, Mr. Volk was Group General Manager of BHP Petroleum's Australia Division in Melbourne, Australia, from 1989 to 1991 and President and CEO of BHP Petroleum (Americas) from 1985 to 1989. From 1983 to 1985, he was Chairman and CEO of Energy Reserves Group and its President and CEO from 1973 to 1982. Mr. Volk has a petroleum engineering degree from the Colorado School of Mines and a J.D. from the University of Denver. Additionally, Robert B. Bennett has been named Executive Vice President of Denali to assist Mr. Volk with corporate strategies as well as assisting Denali's operational Vice Presidents, Lee Orr, (North America) and Hans Siers, (Europe) with operational and marketing issues. Denali Incorporated is a global provider of fluid handling products, specializing in corrosion-resistant applications in process industries such as: chemical, power, pulp and paper, petroleum equipment, and water/wastewater. The Company manufactures engineered fiberglass-composite tanks, vessels, and piping systems, as well as steel, aboveground storage tanks. The Company also distributes a wide range of engineered products and systems. Headquartered in Houston, Texas, Denali Incorporated has over 20 manufacturing facilities in the United States, the Netherlands, Germany, the United Kingdom, Poland, France, and Chile and joint ventures in Venezuela and Thailand. For more information on Denali Incorporated, please visit the Company's Website at www.denaliincorporated.com. This news release contains certain forward-looking statements as such term is defined in the Private Securities Litigation Reform Act of 1995 and information relating to the company and its subsidiaries that are based on the beliefs of the company's management as well as assumptions made by and information currently available to the company management. When used in this report, the words, "anticipate", "believe", "estimate", "expect", and "intend" and words or phrases of similar import, as they relate to the company or its subsidiaries or company management, are intended to identify forward-looking statements. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors, the interest rate environment, governmental regulation and supervision, seasonality, distribution networks, product introductions and acceptance, technological change, changes in industry practices, onetime events and other factors described herein. Based upon changing conditions, should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended.

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